Dark Streaming/Mobile Old Site Home Products Help Contact Us Your Account System Status
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS
21:43:40 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Jaxon Mining Inc
Symbol JAX
Shares Issued 168,003,652
Close 2023-09-21 C$ 0.02
Market Cap C$ 3,360,073
Recent Sedar Documents

Jaxon Mining dissident nominates directors; no response

2023-09-21 15:29 ET - News Release

Subject: Jaxon Mining Inc. (TSXV:JAX) PDF Document File: Attachment 2023-09-21 - JAXON MINING CONCERNED SHAREHOLDER (003).pdf CA +1 (604) 716 1036 US +1 (424) 402 1100 www.r7.capital k@r7.capital Suite 1100 1111 Melville St. Vancouver, Canada, V6E 3V6 VANCOUVER, BC, September 21st, 2023 - Karim Rayani of R7 Capital Ventures Ltd. ("Concerned Shareholder"), in his capacity as a holder of approximately 5% of the issued and outstanding common shares of Jaxon Mining Inc. ("JAX"), announces that on September 6th, he delivered by registered mail a notice to Jaxon's Chief Executive Officer, John King Burn, to nominate four independent directors (one of whom is the Concerned Shareholder and collectively, the "Concerned Shareholder Nominees") to Jaxon's Board of Directors in accordance with Jaxon's advance notice policy. Jaxon Mining Board of Directors as of the dissemination of this news release, has not formally replied to the notice or advised on Jaxon's position regarding the Concerned Shareholder Nominees. While no Meeting materials have been issued and no proxy is being solicited at this time, the Concerned Shareholder felt it was necessary to address these matters to the market and with fellow Jaxon shareholders. As one of the largest shareholders, the Concerned Shareholder has serious concerns regarding Jaxon's under-performance and governance. The Concerned Shareholder believes a refreshed Board of Directors comprised of the Concerned Shareholder Nominees, who have the appropriate experience and skill set, will not only enhance the governance of Jaxon but will also be in the best position to, among other things: dot evaluate, update and provide oversight on management's execution of Jaxon's business strategy; dot review Jaxon's financial position and provide oversight on cashflow management; and dot restore shareholder confidence in Jaxon and improve communications with shareholders and other stakeholders, including timely, fulsome disclosure to markets regarding Jaxon in accordance with securities law requirements. Additional Information The information contained in this press release does not and is not meant to constitute a solicitation of proxies within the meaning of applicable securities laws. Cordially, Karim Rayani Chairman Chief Executive Officer R7 Capital Ventures Ltd.

© 2024 Canjex Publishing Ltd. All rights reserved.